SK On, a leading global electric vehicle (EV) battery manufacturer, has announced a strategic step forward by signing a non-binding memorandum of understanding (MOU) with ExxonMobil. This preliminary agreement sets the stage for a potential multi-year lithium offtake arrangement in the United States, marking a significant move to strengthen the battery supply chain in the […]
Amara Raja Energy & Mobility Limited (ARE&M), a frontrunner in battery manufacturing in India, has announced an additional investment of EUR 20 million in InoBat AS, a Slovakian company that specializes in advanced battery technology. This investment increases ARE&M’s total equity stake in InoBat AS to approximately 9.32%, inclusive of an earlier investment of EUR […]
Rock Tech Lithium Inc. has achieved a significant milestone by obtaining all necessary construction and operational permits for its lithium refinery in Guben, Germany. This development marks a crucial step towards establishing Europe’s first lithium converter, set to produce 24,000 tonnes of lithium hydroxide annually—a key component for electric vehicle batteries and energy storage systems. […]